Hyundai Motor India Limited Earnings Summary — Q1 FY2027
Hyundai Motor India Faces Q1 Headwinds Amid Supply Chain Disruptions and Lower Volumes
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 13.6% sequentially in Q1 FY2027.
- Revenue of ₹16,335 Cr is 0.5% lower year-on-year.
- Revenue has compounded at -3.4% annualised over the last 10 quarters.
- Net profit of ₹889 Cr is 35.1% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -24.6% annualised across the period.
- Operating margin stands at 9.3% in Q1 FY2027.
- Operating margin compressed by 406 bps year-on-year.
- Over the last two years operating margin has contracted by 424 bps.
- PBT margin is 7.4%.
- Expenses grew 4.2% against revenue growth of -0.5%.
- Operating profit of ₹1,512 Cr is 30.8% lower year-on-year.
- Operating leverage has been under pressure recently.
- 4 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 37/100 (Weak) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 16,335 | 18,916 | 17,973 | 17,461 | 16,413 | 17,940 | 16,648 | 17,260 | 17,344 | 17,671 |
| Expenses | Stable | 14,823 | 16,950 | 15,955 | 15,032 | 14,228 | 15,408 | 14,772 | 15,055 | 15,004 | 15,149 |
| Operating Profit | Softening | 1,512 | 1,966 | 2,018 | 2,429 | 2,185 | 2,533 | 1,876 | 2,205 | 2,340 | 2,522 |
| Operating Margin | Softening | 9.3% | 10.4% | 11.2% | 13.9% | 13.3% | 14.1% | 11.3% | 12.8% | 13.5% | 14.3% |
| Other Income | Stable | 274 | 259 | 244 | 231 | 215 | 210 | 244 | 192 | 224 | 333 |
| Interest | Accelerating | 27 | 38 | 27 | 17 | 25 | 37 | 30 | 29 | 32 | 37 |
| Depreciation | Stable | 557 | 584 | 569 | 518 | 528 | 530 | 527 | 519 | 529 | 558 |
| Profit Before Tax | Softening | 1,202 | 1,604 | 1,666 | 2,126 | 1,847 | 2,175 | 1,563 | 1,850 | 2,003 | 2,260 |
| Tax | Softening | 313 | 348 | 432 | 554 | 478 | 561 | 402 | 474 | 514 | 582 |
| Net Profit | Softening | 889 | 1,256 | 1,234 | 1,572 | 1,369 | 1,614 | 1,161 | 1,375 | 1,490 | 1,677 |
| Net Margin | Softening | 5.4% | 6.6% | 6.9% | 9.0% | 8.3% | 9.0% | 7.0% | 8.0% | 8.6% | 9.5% |
Key Takeaways
- Consolidated revenue remained flat YoY at ₹1,633 billion, but declined 13.7% sequentially due to seasonal and supply chain factors.
- Net profit saw a sharp contraction of 35% YoY to ₹8,886 million, impacted by rising employee expenses and higher other expenses.
- Operating performance was significantly pressured by a fire incident at a key supplier (Mobis) in June 2026, causing production disruptions.
- Management announced a management reshuffle with Mr. Mukundan MS appointed as the new Chief Manufacturing Officer w.e.f. September 2026.
- The company has deferred recognition of provisions for End-of-Life Vehicles (EPR) rules due to lack of a clear government pricing mechanism.
- Export operations remain a critical cushion, though domestic volume growth faced intense competition from Tata and Mahindra SUVs.
Management Guidance
Management remains focused on the 'Beyond Mobility' vision, prioritizing software-defined vehicles and hydrogen ecosystems despite current supply chain volatility. They are actively working to stabilize operations following the Mobis supplier fire.
Sentiment Shift
Deteriorating
The transition from high-margin SUV growth to a period of supply chain disruptions and stagnating sales is weighing on short-term profitability.
Outlook
The outlook is tempered by intensifying competition in the domestic SUV space and evolving EPR environmental regulations, though the high promoter holding and parentage provide long-term stability.
From the Annual Report (Key Quotes)
“The Company has an obligation to scrap the End of Life Vehicles... the pricing mechanism for which is yet to be notified.”
“Recognized for his strategic thinking... [Mr. Mukundan MS] notably achieved leading HMIL Plant 1 capacity expansion and mixed ICE-EV production readiness.”
“Figures for the three months ended 31 March 2026... are balancing figures between audited figures for the full year and year to date figures.”
Official Quarterly Documents
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This summary is AI-generated from Hyundai Motor India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.